Fed's Powell: More Evidence Needed Before Rate Cut Considerations Federal Reserve Chair Jerome Powell, in his recent congressional testimony, acknowledged progress in curbing inflation but emphasized the need for more consistent data before considering interest rate cuts. While expressing some confidence in inflation’s downward trend, Powell remains cautious about declaring it sustainably approaching the Fed’s 2% target. He highlighted the delicate balance between addressing inflation and maintaining employment, noting that the risks of acting too quickly or too slowly on rate adjustments are now more evenly balanced. Powell’s stance suggests a cautious approach to monetary policy changes, with the Fed closely monitoring economic indicators before making any decisions on rate cuts. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Record Gold Prices Fuel Modern-Day Gold Rush READ MORE Fund Managers Shy Away from Gold Despite Record Prices READ MORE Mortgage Rates Hit Lowest Level in Over a Year READ MORE Wharton's Siegel Urges Fed to Slash Rates by 150 Basis Points READ MORE Silver Surges: Anticipation of Rate Cuts Sparks 4% Price Jump in a Week READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment